This property might be a fair Mid-Term investment with a projected 2.28% first-year return on $184k initial cash invested.
2.28%
Cash On Cash
7.2%
Cap Rate
1.17
DSCR
$8,498
Rent
$351
Cashflow
Cash Flow
$8,498 income − $8,147 expenses = $351 cash flow
Investment Breakdown
|
Purchase Price
$793k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$184k
Downpayment
20%
$159k
Closing costs
1%
$7,926
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$8,498
Total Expenses
$8,147
Mortgage P&I
48%
$4,064
Property Taxes
11%
$913
Home Insurance
3%
$280
HOA
0%
$0
Property Management
12%
$1,020
CapEx
4%
$340
Vacancy
3%
$255
Maintenance
4%
$340
Other
11%
$935